Square Is Now Processing $10 Billion Annually With 40,000 Retail Partners

Square is a mobile payment service that is led by Jack Dorsey, one of the co-founders of Twitter.  Square is growing at a rapid pace and they are ending 2012 with a bang.  Square is ending 2012 with $341 million in funding and they are processing around $10 billion per year.  Square’s mobile card reader is now being used by over 40,000 retailers.  However Square’s competition is increasing at a rapid pace.  Other mobile credit card readers that entered the market include PayPal Here, Intuit GoPayment Reader, iZettle, and Google Wallet.

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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